Investment Rating - The industry investment rating is "Outperform the Market" [21] Core Viewpoints - The report emphasizes that the implementation of the "Implementation Opinions" by the State Council will accelerate the development of China's artificial intelligence industry [3][7] - The Kimi K2 Thinking model, released by the company "月之暗面," ranks third globally in performance, indicating that domestic large models are continuously improving and adapting well to domestic accelerated computing chips [9][17] - The report suggests a strong outlook for the AI industry in China, driven by the competitive landscape of global AI large models and the ongoing iteration of domestic models [17] Summary by Sections Industry News and Commentary - The State Council issued the "Implementation Opinions" on November 7, which includes five parts aimed at fostering the application of new technologies and products in various economic and social scenarios [3][6] - The report notes that the Kimi K2 Thinking model has achieved state-of-the-art performance in several benchmark tests, enhancing its capabilities in complex reasoning and tool usage [9][17] Key Company Announcements - "浪潮信息" announced the progress of its share repurchase, having repurchased 1,551,866 shares at a total cost of approximately 96.99 million yuan [10] - "东华软件" disclosed two investment announcements, including the establishment of an AI research institute and a technology company with a total investment of 35 million yuan [10] - "国能日新" announced a joint venture for energy storage with a registered capital of 40 million yuan [10] Weekly Market Review - The computer industry index fell by 2.54% this week, underperforming the CSI 300 index, which rose by 0.82% [11][14] - The overall P/E ratio for the computer industry is 56.0 times, with 359 A-share component stocks, of which 98 rose, 2 remained flat, and 257 fell [14] Investment Recommendations - The report recommends focusing on AI-related investment opportunities, particularly in AI computing power and algorithms, highlighting companies such as 海光信息, 龙芯中科, and 恒生电子 [17]

证券代码：002990 证券简称：盛视科技 公告编号：2025-115 盛视科技股份有限公司 关于 2024 年限制性股票激励计划预留授予登记完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1.本次预留授予的限制性股票上市日期：2025 年 11 月 10 日 2.本次预留授予的限制性股票授予登记数量：57.45 万股，占授予前公司总 股本的 0.22% 3.本次预留授予的限制性股票授予价格：11.63 元/股 4.本次预留授予的限制性股票授予人数：40 人 5.本次预留授予的限制性股票来源：公司向激励对象定向发行的公司 A 股普 通股股票 6.本次预留授予的限制性股票授予完成后，公司股权分布符合上市条件的要 求，不会导致公司实际控制人发生变化。 盛视科技股份有限公司（以下简称"公司"）于 2025 年 9 月 29 日召开第四 届董事会第三次会议，审议通过了《关于向 2024 年限制性股票激励计划激励对 象授予预留限制性股票的议案》。根据《上市公司股权激励管理办法》（以下简 称"《管理办法》"）、《深圳证券交易所上市公司自律监管指 ...

Core Points - The company, Shengshi Technology, announced the completion of its 2024 restricted stock incentive plan registration on November 6 [2] - A total of 574,500 shares were granted, representing 0.22% of the company's total share capital prior to the grant [2] - The grant price for the restricted stock is set at 11.63 yuan per share [2] - The number of individuals receiving the restricted stock is 40 [2] - The restricted stock is sourced from the company's directed issuance of A-share common stock to the incentive recipients [2] - Following the completion of this grant, the company's equity distribution will meet the listing requirements and will not result in a change of the actual controller [2]

Group 1 - As of October 31, 2025, Jiangsu has a total of 715 listed companies, including 220 on the Shanghai Stock Exchange Main Board, 114 on the Sci-Tech Innovation Board, 125 on the Shenzhen Stock Exchange Main Board (including one pure B-share), 203 on the Growth Enterprise Market, and 53 on the Beijing Stock Exchange [1] - In October 2025, Jiangsu added one new listed company (Changjiang Nengke), bringing the total number of new listings in 2025 to 21 [1] - The total market capitalization of the 714 listed companies in Jiangsu is 85,985.35 billion yuan, accounting for 13.12% of the total number of A-share listed companies and 8.01% of their total market capitalization [3] Group 2 - As of October 31, 2025, the companies in Jiangsu with a market capitalization exceeding 100 billion yuan (excluding the Beijing Stock Exchange) include Hengrui Medicine, WuXi AppTec, Jiangsu Bank, Guodian Nari, Huatai Securities, Nanjing Bank, Huidian Co., S. Hengli Hydraulic, Dongshan Precision, Xugong Machinery, Tianfu Communication, and Yanghe Brewery [5] - The bottom ten ranked A-share listed companies in Jiangsu (excluding the Beijing Stock Exchange) are Yangzi New Materials, Nanwei Co., Guangge Technology, Xuelang Environment, Zhongshe Co., *ST Hengjiu, Ailong Technology, Jinpu Garden, *ST Tianlong, and *ST Suwu [7] - In October 2025, Jiangsu's A-share listed companies had a total of 3 financing events, raising a total of 1.269 billion yuan, while the total financing events for the year reached 49, raising a total of 61.438 billion yuan [7]

Core Viewpoint - Shengshi Technology announced that its controlling subsidiary has not provided any external guarantees, indicating a strong financial position without overdue debts or litigation-related guarantees [2] Summary by Relevant Sections - **Financial Position** - The company and its controlling subsidiary have no overdue debts related to guarantee balances [2] - There are no amounts related to guarantees involved in litigation [2] - The company does not have any guarantee amounts it must bear due to being ruled against in court [2]

证券代码：002990 证券简称：盛视科技 公告编号：2025-114 1.本次被担保对象为公司全资子公司深圳市盛视技术有限公司，其资产负债 率超过 70%。 2.截至本公告披露日，经审议的公司及控股子公司对外担保的额度总金额为 人民币 200,000 万元，占公司最近一期经审计净资产的比例为 83.32%，本次担 保提供后，公司实际签署正在履行的对外担保总额为人民币 12,000 万元，占公 司最近一期经审计净资产的比例为 5.00%，且全部为对合并报表范围内子公司 的担保。 敬请投资者关注担保风险。 盛视科技股份有限公司 关于为全资子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 一、担保情况概述 近日，盛视科技股份有限公司（以下简称"公司"）与宁波银行股份有限公 司深圳分行（以下简称"宁波银行深圳分行"）在深圳市签署了《最高额保证合 同》，公司为宁波银行深圳分行与全资子公司深圳市盛视技术有限公司（以下简 称"深圳盛视"）签订的授信业务合同形成的债权提供最高债权限额为等值人民 币 5,000 万元的连带责任保证担保。 公 ...

Group 1 - The core point of the article is that Shengshi Technology has received a notification from the National Intellectual Property Administration granting it invention patents for two technologies related to automatic luggage packing and human synthesis methods in outdoor scenes [1] - Shengshi Technology's revenue composition for the first half of 2025 shows that software and information technology services account for 99.86% of its total revenue, while other businesses contribute only 0.14% [1] - As of the report date, Shengshi Technology has a market capitalization of 7.7 billion yuan [1]

上述专利的具体介绍如下： 1.行李自动打包装置及打包行李的方法 该发明提供了一种快速实现行李打包上锁的方法，通过移动小车在环行滑轨 上快速移动，带动施封带对行李实现打包上锁。该方法采用伺服控制系统，实现 PID 闭环加减速控制，定位精度高，速度快，柔性化控制，对行李无损伤。该专 利所涉及的技术方案可应用于机场、口岸、火车站等行李查验场景。 证券代码：002990 证券简称：盛视科技 公告编号：2025-113 盛视科技股份有限公司 关于取得多项授予发明专利权通知书的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 盛视科技股份有限公司（以下简称"公司"）于近日收到国家知识产权局下 发的《授予发明专利权通知书》，具体情况如下： | 序号 | 发明创造名称 | 申请号/专利号 | 专利类型 | 专利权人 | | --- | --- | --- | --- | --- | | 1 | 行李自动打包装置及打包行李 的方法 | 202210750039.X | 发明专利 | 盛视科技股份有限公司 | | 2 | 户外场景图像中的人体合成方 法及计算机可读存储介质 | ...

Group 1 - The core viewpoint of the news is that Shengshi Technology (002990.SZ) reported a decrease in institutional and public fund holdings in its third-quarter report for 2025, indicating a potential shift in investor sentiment [1] Group 2 - As of October 30, 2025, a total of 7 institutional investors disclosed holdings in Shengshi Technology A-shares, with a combined holding of 23.4762 million shares, accounting for 8.99% of the total share capital [1] - The total institutional holding percentage decreased by 0.92 percentage points compared to the previous quarter [1] - One public fund, Hengyue Jiaxin Bond A, increased its holdings slightly, while another, Penghua Carbon Neutral Theme Mixed A, reduced its holdings by 0.36% [1] - A total of 35 public funds did not disclose their holdings this quarter, including notable funds such as E Fund Emerging Growth Mixed and Changxin Domestic Demand Balanced Mixed A [1] - One social security fund, the National Social Security Fund 104 Portfolio, did not disclose its holdings this quarter [1] Group 3 - In terms of foreign investment, one foreign fund, Hong Kong Central Clearing Limited, reduced its holdings slightly compared to the previous quarter [2]

Core Viewpoint - Shengshi Technology is a leading enterprise in the smart port industry, focusing on new generation information technology research and providing intelligent products and solutions for smart society construction [1] Group 1: Business Performance - In Q3 2025, Shengshi Technology achieved operating revenue of 953 million yuan, ranking 22nd out of 63 in the industry, significantly lower than the top competitor, Inspur Information, which reported 120.67 billion yuan [2] - The main business revenue from smart port inspection system solutions was 492 million yuan, accounting for 89.54% of total revenue [2] - The net profit for the same period was 61.31 million yuan, also ranking 22nd in the industry, and lower than the industry average of 102 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio was 34.69%, higher than the previous year's 30.02% and slightly above the industry average of 34.38% [3] - The gross profit margin for the same period was 38.20%, down from 40.52% year-on-year but still above the industry average of 34.46% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 8.97% to 22,400, while the average number of circulating A-shares held per shareholder increased by 9.86% to 5,987.74 [5] - The top circulating shareholder, Penghua Carbon Neutral Theme Mixed A, held 1.2339 million shares, a decrease of 934,800 shares from the previous period [5] Group 4: Management Compensation - The chairman, Qu Lei, received a salary of 951,800 yuan in 2024, an increase of 47,000 yuan from 2023 [4] - The general manager, Jiang Bing, received a salary of 964,000 yuan in 2024, an increase of 24,000 yuan from 2023 [4] Group 5: Analyst Ratings and Future Projections - According to招商证券, the revenue forecast for 2025-2027 is adjusted to 1.129 billion, 1.302 billion, and 1.497 billion yuan, with net profit projections of 123 million, 166 million, and 209 million yuan respectively [5] - 平安证券 maintains a "strongly recommend" rating, projecting net profits of 183 million, 236 million, and 307 million yuan for 2025-2027 [6]